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Coinbase’s Education Rewards Program ‘Earn’ Expands to Over 100 Countries

Coinbase Commerce – the exchange unicorn's app for online retailers – hit a milestone after seeing an uptick in volume in Q2 2019.

Cryptocurrency exchange Coinbase has expanded its Earn program to 103 countries.

Now users from the U.S., U.K., much of the EU, Canada, Singapore, Australia, Hong Kong, New Zealand, South Korea and Taiwan can sign up to earn cryptocurrency rewards for learning about the tech, Coinbase announced in a blog post on Friday. The full list of supported nations can be seen here.

Coinbase Earn was launched last December, and rewards users in cryptocurrency for completing various educational tasks, including watching videos and taking quizzes.

“The rationale behind Coinbase Earn is that as we progress from mining cryptocurrency to buying it to earning it, we open up new opportunities for people to learn about blockchain technology,” Coinbase said.

While, at launch, the program offered rewards in only 0x (ZRX) token, it’s now expanded to stellar lumens (XLM), zcash (ZEC) and the Brave browser’s basic attention token (BAT). The exchange said more tokens will be supported soon and added that users must pass an ID check to gain access to the service.

Brave CEO and co-founder, Brendan Eich, commented:

“Like Brave, Coinbase Earn removes intermediaries and inefficiencies so that users can benefit. It’s exciting to see Coinbase Earn expand globally so that even more users can get involved with digital assets.”

Stellar Development Foundation co-founder, Jed McCaleb, said that Earn is helping expand Stellar’s network, enabling “millions of real and unique users” in over 100 countries to earn XLM while they learn about the cryptocurrency.

Coinbase also said in the post that it’s making over $100 million available to users of the scheme. Earlier this month, Earn.com founder and ex-Coinbase CTO Balaji S. Srinivasan said on leaving the exchange: “The Earn integration was successful and we’ve closed ~$200M in deals for the new Coinbase Earn.”